Gulf Marine Services Share Discussion Threads

[tintin82] 05/7/2016 07:51

Not unexpected I guess. At least there is good news with the debt being renegotiated, no worry of breaking covenants, for now.

[koolio] 27/6/2016 11:06

I bought GMS on Friday, seems way to cheap.
All vessel charters will be in USD so no worries about currency.
The majority of the fleet are based in the Gulf where they are accommodation for decommissioning works or new tie in works on projects. Happy to hold on to these.

[robroy2000] 27/6/2016 10:57

Thanks BMW

As you point out oil is a US$ business and appropriately GMS accounts are stated in US$. GMS contracts in the North Sea are paid in euros, once converted to US$ for financial reporting this will have a negative impact.

As for investment and oil price volatility my concern is that Brexit has only added to an uncertain global environment and the timescale for the recovery of GMS has extended from short/medium term to medium/long term.

[bmw30csl] 27/6/2016 09:12

Robroy - how do you work that out - oil service is a USD business - GMS is Uk listed so if making a profit it should inflate this reported number versus before.

The latter two points are valid but i feel in the context of the last two years the oil companies need to play catch up and we have already had serious oil price volatility.

[robroy2000] 27/6/2016 08:30

Considering the impact of Brexit on GMS. Be interested in thoughts of fellow holders (if there are any left.) My initial concerns.

Depreciation in value of euro to dollar will impact on profits from north sea operations. Increased likelihood of triggering debt covenants.

Oil majors reluctance to commit to future contracts due to market uncertainty.

Volatility in the oil price.

[ltcm1] 16/6/2016 17:06

Some good analysis by posters on here.

Just wondering what your views are on a rights issue so as to give the company breathing space in this difficult oil market. I for one would prefer this to the shares getting really volatile. Also it would give GMS a better negociating position with the oil companies.

[mick] 09/6/2016 16:24

Yes good to see GMS mentioned in the context of the large decommissioning market in the North Sea. I believe patience will be handsomely rewarded in the case of GMS.

[tintin82] 09/6/2016 10:25

Today's feature article in FT, North Sea decommissioning £30-60 billion. GMS mentioned.

[holdj57] 08/6/2016 19:32

Encouraging rebound. Waiting to see what happens next.

[dodge meister] 31/5/2016 11:35

The share price launched when the downward price pattern broke. At the first weakness after that there is profit taking.

[tudes100] 31/5/2016 10:15

Gervais Williams from What Investment - 3 bargain smaller Co's

For his final selection, Williams turned his thoughts to the mining sector, and remarked, ‘for understandable reasons, lots of share prices have fallen here, and that has created some opportunities. One of those we like the most is Global Marine Services.’

He added that the company provides jack up barges for the oil sector, using those barges is, he claimed, cheaper than existing technology.

Williams said, ‘the shares are cheap, because understandably, the company found some of the contracts it had were not worth as much as they hoped, and some contracts that were on option were not taken up. But the share price has gone down a long way, and the price to earnings ratio is only 3.’

The Miton UK Smaller Companies fund has returned 5.6 per cent over the past year, compared to 2.6 per cent for the average fund in the sector over the past year.

[svenice7] 27/5/2016 21:05

Bough a load at 50p. Liking this.

[apfindley] 27/5/2016 16:25

GWMO looking good as the herds arrive

[scottishfield] 27/5/2016 13:41

looks good gucci, considering here..

[gucci] 27/5/2016 13:40

back in today

[nosytrader] 26/5/2016 16:24

This rise seems to have coincided with a new listing in the US called....GMS! Algo's gone wrong?!

[richtea1701] 26/5/2016 15:58

£1 by Christmas

[tintin82] 26/5/2016 11:32

Whats going on here? Some error with ADVFN? Shows GMS as positive?! That can't be right...

[kito691] 23/5/2016 18:07

Normal service seems to have resumed!!!

[richtea1701] 23/5/2016 10:26

and another

[richtea1701] 23/5/2016 10:25

and another

[kito691] 20/5/2016 18:38

Yessss an up-day at last lift of now lol

[seangwhite] 17/5/2016 09:28

There seems no problem with getting stock even as the share price drops away. I expect that this has a lot further to fall especially in the current Oil industry shake down.GLTA

[bigdazzler] 16/5/2016 18:29

I would be very careful catching a falling knife.

It's one of those shares that people keep saying now is a cheap price, buy and it will rise however it is easily one that could keep falling and before you know it your investment is worth half its original value.